Entries Tagged 'lada' ↓

Peugeot 3008 Prologue prototype displays for crossover growing market

This is 3008 Prologue to show in 2008 Paris motorshow againts to VW Tiguan,Renault Koleos,Ford Kuga,Nissan Qashqai Continue reading →

Renault to Buy 25% of Russia’s AvtoVAZ Lada

Renault SA, France’s second-largest automaker, agreed to buy 25 percent of Russia’s OAO AvtoVAZ, fending off a bid from General Motors Corp.

Renault will purchase the stake in Russia’s No. 1 car company from state-owned arms exporter Rosoboronexport, Valery Kartavtsev, a spokesman for the defense firm, said today by telephone. He declined to give a price.

“AvtoVAZ would have given GM some extra capacity — and will give Renault some extra capacity — in one of the hottest markets in the world,” said Erich Merkle, an analyst at IRN Inc. in Grand Rapids, Michigan. “It’s a bit of a gain for Renault.”

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